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General Motors Proposes $27 Million Investment In Bedford

General Motors plans to invest about $27 million in a Bedford plant to buy production equipment for casting.

The economic development commission has recommended a 100 percent tax abatement over a ten-year period on the investment.

Photo: Andrea_44 (Flickr)

The economic development commission has recommended a 100 percent tax abatement over a ten-year period on the investment.

General Motors plans to invest about $27 million in a Bedford plant to buy production equipment for casting.

Patrick Robbins is President of the Bedford Redevelopment Commission and a member of the Bedford City Council.

He says the Economic Revelopment Commission has recommended a 100 percent tax abatement over a ten-year period on the investment.

He says if the county council approves the proposal, it could save GM $1.9 million over 10 years.

“General Motors is very important to our economics here in Lawrence County and Bedford. We have been very supportive of General Motors in seeing that they stay here in Bedford,” says Robbins.

Robbins says the Bedford City Council will review the recommendation in its August 12 meeting.

Robbins says if the county council approves, it would be the first time the county would completely forgo collecting taxes for ten years. Typically the company must start paying taxes on an investment gradually over a period of several years.

Kat Carlton

Kat Carlton is the Morning Edition newscaster and reporter for WFIU/WTIU news. She plans to finish her masters in journalism from Indiana University, where she earned her undergraduate degree in journalism and political science. You can follow her on Twitter @katcarlt.

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  • DiSnow

    In the fall of 2013, there was an article about GM not holding to their agreement to hire 200 new employees in Bloomington by the end of 2010. Shortly thereafter, there was an article stating that 131 GM employees in Bloomington were losing their jobs. Why should get a tax abatement for 10 years for investing in Bedford? It’s clear they only want to line their own pockets and don’t hold to their word.

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